A stronger greenback makes dollar-denominated commodities less attractive for holders of other currencies. However, both benchmark crude contracts gained about 3% last week on signs of stronger oil product demand in the U.S., the world’s largest consumer, and OPEC+ cuts kept supply in check. U.S. crude inventories fell while gasoline demand rose for the seventh […]
People’s hardships have increased following a stark increase in the prices of essential commodities ahead of Ramadan. After the rise in prices, 1kg sugar is available for Rs105 in Karachi. Chicken is being sold for Rs450 a kg, cooking oil is retailing at Rs280 per liter; while the prices of pulses have also witnessed an […]